LA’s third quarter biggest sales update: bringing it home

Okay, Yolanda realizes this post is a bit late. We should have put this up at the end of September, right? But we’re running behind on a bunch of stuff. Can you tell? Ugh. Time to pull it together. We know.

After a very slow and unpromising start to the year (there was but one $20 million+ residential sale recorded in LA County during the 2016’s first quarter), the ultra-ultra-high-end market has come roaring back in a big way, culminating in two of the most massive sales ever recorded in LA. Oddly enough (or maybe not?), both estates are located in the tiny Holmby Hills neighborhood and both front the hoity-toity Los Angeles Country Club. Not only that, but both mansions were built by the very same family way back in the day.

But we digress. We’ve still got a couple months left in the year and LA County has racked up 19 sales of $20 million or more, per Yolanda’s tabulations. A healthy nine of those sales broke the $30 million barrier. So let’s discuss.

McClean Design did it again. This spec-mansion sale in the pricey Riviera enclave represents the highest price ever paid for a house in the Palisades. Money man Richard Hollander and his wife Jackie are the lucky new owners.

Hungarian porn king Gyorgy Gattyan paid up for this 18,000 square foot spec-built Georgian-style mansion. Believe it or not, but this is one of three $20 million+ estates Gattyan owns in the Beverly Hills area.

Also interesting to note… 1829 N Doheny Dr an 8,920 sq.ft. modern sold right at $20m at the tail end of March and is designed yet again by Paul McClean! 4 of the biggest sales in LA this year. Some one is the modern, new Landry.

Oh, Yo’nd’, these are all terrible. All teardowns. Yucky yuckery. For some reason, these days, even this big, whopping sales are so boring… It didn’t use to be this way. I don’y know what happened. It’s as if people got over it. Perhaps it’s the change of generations: the older ones moved on and the younger people just don’t care for property gossipery.